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LyondellBasell Industries NV (LyondellBasell Industries NV) Net-Net Working Capital : $-48.63 (As of Dec. 2023)


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What is LyondellBasell Industries NV Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

LyondellBasell Industries NV's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-48.63.

The industry rank for LyondellBasell Industries NV's Net-Net Working Capital or its related term are showing as below:

LYB's Price-to-Net-Net-Working-Capital is not ranked *
in the Chemicals industry.
Industry Median: 7.365
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

LyondellBasell Industries NV Net-Net Working Capital Historical Data

The historical data trend for LyondellBasell Industries NV's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

LyondellBasell Industries NV Net-Net Working Capital Chart

LyondellBasell Industries NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -50.13 -60.86 -53.19 -51.08 -48.63

LyondellBasell Industries NV Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -51.08 -50.32 -49.17 -48.11 -48.63

Competitive Comparison of LyondellBasell Industries NV's Net-Net Working Capital

For the Specialty Chemicals subindustry, LyondellBasell Industries NV's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


LyondellBasell Industries NV's Price-to-Net-Net-Working-Capital Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, LyondellBasell Industries NV's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where LyondellBasell Industries NV's Price-to-Net-Net-Working-Capital falls into.



LyondellBasell Industries NV Net-Net Working Capital Calculation

LyondellBasell Industries NV's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3390+0.75 * 3356+0.5 * 4765-23942
-0-128)/324.483
=-48.63

LyondellBasell Industries NV's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3390+0.75 * 3356+0.5 * 4765-23942
-0-128)/324.483
=-48.63

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


LyondellBasell Industries NV  (NYSE:LYB) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


LyondellBasell Industries NV Net-Net Working Capital Related Terms

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LyondellBasell Industries NV (LyondellBasell Industries NV) Business Description

Traded in Other Exchanges
Address
Delftseplein 27E, 4th Floor, Rotterdam, ZH, NLD, 3013 AA
LyondellBasell is a petrochemical producer with operations in the United States, Europe, and Asia. The company is the world's largest producer of polypropylene and is also a major producer of polyethylene and propylene oxide. Its chemicals are used in various consumer and industrial end products. Well over half of LyondellBasell's production come from its North American operations.
Executives
Jeffrey A Kaplan officer: EVP & Chief Legal Officer C/O LYONDELLBASELL INDUSTRIES N V, DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Ai Investments Holdings Llc 10 percent owner 730 FIFTH AVENUE, NEW YORK NY 10019
Rita E Griffin director C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Anthony R Chase director 10307 PACIFIC CENTER COURT, SAN DIEGO CA 92121
Trisha L Conley officer: EVP, People and Culture C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Tracey D Campbell officer: EVP, Sustainability & Corp Aff C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Van Der Laan Yvonne officer: EVP, Circular & Low Carbon Sol C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Michael C. Mcmurray officer: EVP & CFO C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Jagjeet S. Bindra director 2244 WALNUT GROVE AVENUE, P.O. BOX 800, ROSEMEAD CA 91770
James D Guilfoyle officer: SVP, Global I&D C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Virginia A Kamsky director C/O KAMSKY ASSOCIATES, INC., 563 PARK AVENUE, NEW YORK NY 10065
James Malcolm Seward officer: SVP, R&D, Tech & Sustain. C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Vanacker Peter Z. E. director C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Buchanan Robin W.t. director STATIONSPLEIN 45, ROTTERDAM P7 3013AK
Chukwuemeka A. Oyolu officer: SVP, CAO & Investor Relations 3010 BRIARPARK DRIVE, HOUSTON TX 77042

LyondellBasell Industries NV (LyondellBasell Industries NV) Headlines